Trade Policy and Regulations in Norway
Foreign Trade in Figures
Norway has a widely open economy, trade represents almost 75% of the GDP (during the period 2007-2009).
Traditionally, the country exports energy-intensive products and imports technology-intensive products. Its main trade partners are the countries of the European Union.
The country is the third largest exporter of oil in the world, the largest supplier of natural gas to the the countries of Western Europe, the largest exporter of fish in the world. Overall, Norway is classified among the 30 largest exporters of the world. The industrial products (ships, oil platforms, etc.) constitute nearly 10% of total exports. Norway mainly imports manufactured merchandise (machines, transporters, information technology) which accounts for 40% of its total imports.
The surplus in the trade balance is enormous. The country's trade balance is structurally positive and this trend should continue during the next following years.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||64,261||80,297||90,293||69,292||76,902|
|Exports of Goods (million USD)||122,208||136,354||172,621||120,880||131,683|
|Imports of Services (million USD)||31,135||38,753||43,990||36,291||40,639|
|Exports of Services (million USD)||33,057||40,196||44,810||38,261||40,191|
|Imports of Goods and Services (Annual % Change)||8||9||4||-11||-|
|Exports of Goods and Services (Annual % Change)||0||3||-||-||-|
|Trade Balance (million USD)||59,856||60,271||86,472||54,405||-|
|Current Account (million USD)||58,323||60,459||80,088||50,122||-|
|Foreign Trade (in % of GDP)||75||76||77||69||-|
|Imports of Goods and Services (in % of GDP)||28||30||29||27||-|
|Exports of Goods and Services (in % of GDP)||46||46||48||42||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|Other partnersClose extended list||36.2%|
(% of Imports)
|Other partnersClose extended list||52.9%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
Norway is a Member of the EEA (European Economic Area) and applies the whole acquis communautaire except for agriculture and fisheries. Norway seeks to conclude bilateral trade agreements in the European Free Trade Association (EFTA) framework.
- Assessment of Commercial Policy
The WTO pages devoted to Norway
Barriers to exchanges
- Average Customs Duty (Excluding Agricultural Products)
- Norwegian tariffs for industrial goods are low, usually between 3 % and 6 %. Goods imported from an EEA country are free from import duty. Any import of products is subject to Value Added Tax, which is currently levied at 25%. The VAT is deductible if the goods are intended for use in a VAT chargeable business. Before sending a shipment of considerable value, it might be wise to obtain an official ruling on customs treatment from the Norwegian Customs and Excise Authority.
- Useful Resources
Customs and Excise Service
- National Organization of Intellectual Property
- The Industrial Property Office
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Although the European Union is a customs union with a Community Customs Code and a harmonized tariff system for product classification, customs administration is a Member State activity.
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